Tesla CEO Elon Musk believes there’s an answer to bringing down the U.S.’s $38 trillion national debt: artificial intelligence.
“I think, actually, the only thing that can solve for the debt situation is AI and robotics,” Musk said in a podcast interview published Sunday with billionaire investor Nikhil Kamath. He believes it “probably would cause significant deflation.”
“Currently the U.S. debt is insanely high and the interest payments on the debt exceed the entire military budget of the United States, just the interest payments,” Musk said, adding it’s set to increase in the short-term, in line with projections from fiscal policy experts.
Many companies, particularly in the tech sector, are spending billions on AI technology, but there…